Evercore Trust Company N.a. Lowers stake in Sempra Energy (SRE)

Sempra Energy (SRE) : Evercore Trust Company N.a. reduced its stake in Sempra Energy by 3.12% during the most recent quarter end. The investment management company now holds a total of 11,304,819 shares of Sempra Energy which is valued at $1,209,502,585 after selling 364,481 shares in Sempra Energy , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Sempra Energy makes up approximately 3.81% of Evercore Trust Company N.a.’s portfolio.

Other Hedge Funds, Including , Keybank National Associationoh boosted its stake in SRE in the latest quarter, The investment management firm added 342 additional shares and now holds a total of 127,402 shares of Sempra Energy which is valued at $13,630,740. Sempra Energy makes up approx 0.09% of Keybank National Associationoh’s portfolio.Icon Advisers Incco reduced its stake in SRE by selling 4,100 shares or 4.12% in the most recent quarter. The Hedge Fund company now holds 95,300 shares of SRE which is valued at $10,196,147. Sempra Energy makes up approx 0.67% of Icon Advisers Incco’s portfolio.Central Trust Co boosted its stake in SRE in the latest quarter, The investment management firm added 425 additional shares and now holds a total of 14,804 shares of Sempra Energy which is valued at $1,583,880. Sempra Energy makes up approx 0.11% of Central Trust Co’s portfolio.

Sempra Energy closed down -0.51 points or -0.47% at $107.95 with 10,52,905 shares getting traded on Friday. Post opening the session at $108.05, the shares hit an intraday low of $107.23 and an intraday high of $108.625 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Sempra Energy reported $0.79 EPS for the quarter, missing the analyst consensus estimate by $ -0.18 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $0.97. The company had revenue of $2156.00 million for the quarter, compared to analysts expectations of $2616.55 million. The company’s revenue was down -8.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.03 EPS.

Sempra Energy is a holding company. The Company’s principal operating units are San Diego Gas & Electric Company (SDG&E) and Southern California Gas Company (SoCalGas); Sempra International which includes Sempra South American Utilities and Sempra Mexico segments and Sempra U.S. Gas & Power which includes Sempra Renewables and Sempra Natural Gas segments. Sempra Mexico segment includes the operating companies of the Company’s subsidiary Infraestructura Energetica Nova S.A.B. de C.V. as well as certain holding companies and risk management activity. SoCalGas and SDG&E sell distribute and transport natural gas. The Company’s units distribute electricity. SoCalGas also provides natural gas storage services.

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